Adding reliable crypto assets to your portfolio can help you recover and boost your crypto holdings value after a bearish period. Personal research is essential to help you make the right choice.
Despite the volatile nature of the crypto market meaning every purchase is a risk, Tether (USDT), USD Coin (USDC), and the exciting new cryptocurrency Big Eyes Coin (BIG) are useful portfolio assets.
Tether is no Threat to your Portfolio
Tether (USDT) is the most successful stablecoin on the market currently. The token was launched in 2024 and is fully collateralised in U.S. Dollars. Its success can be attributed to its usage as an inflation hedge, meaning Tether’s value can sometimes increase at a greater value than fiat currencies.
In principle, its market value should always remain around $1, because Tether is willing to return $1 to anyone who is willing to redeem $1 USDT.
Tether is supported by multiple blockchains, including Ethereum, Tron, Solana, Algorand, EOS, and Bitcoin Cash. The blockchains that support it are notable in the crypto space, showing how accessible and vital Tether is as a stablecoin.
USD Coin Shines in a Dim-lit Period
USD Coin (USDC) is the second most successful stablecoin and is aligned to the U.S. Dollar 1:1. While there are many stablecoins on the market, USD Coin has thrived in accordance with its transparency and ease of use in an unsteady crypto market.
USD Coin’s success soared back in 2021, as it began with a capitalisation of just under $4 billion, then increased that by more than tenfold, throughout the year.
At this point, USD Coin seems to benefit most from the crypto markets’ volatility. Two major rises in 2022 occurred after the implosion of Terra and the failure of Celsius, and then after the collapse of FTX.
Notably, among all of them, the one considered safest is USD Coin, while the most widely used is Tether.
Big Eyes Coin Hits $13 million
Big Eyes Coin (BIG) is a new meme coin featuring a wide-eyed, animated cat that will be launching on the Ethereum blockchain.
Big Eyes Coin has now raised more than $13 million in its presale so far. Presales are an indicator of how successful a cryptocurrency could be in the long run, as it builds a community of loyalty and trust among crypto holders. Big Eyes Coin is evidently here to take over the crypto market.
Big Eyes Coin has a heavy involvement in charity work, including the survival of marine life through the climate. The oceans of the world are under serious threat and Big Eyes Coin aims to fight this by holding a charity wallet containing 5% of its tokens exclusively held for preserving aquatic life.
Although stablecoins are considered a vital part of the crypto architecture, Big Eyes Coin offers a way for users to increase the value of their holdings once the token has officially launched.
For more information on Big Eyes Coin (BIG), visit the following links:
None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.